Fibonacci Retracements Analysis
Fibonacci retracements are actively used by traders, when they study how impulses are formed and try to find levels of possible trend corrections. As a result, they may have some additional information on possible direction of the currency market movement in the future.
17.12.2018
Fibonacci Retracements Analysis 17.12.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after reaching the retracement of 38.2%, XAUUSD started a new pullback, which may be followed by another rising impulse towards the long-term retracement of 50.0% at 1262.60.
14.12.2018
Fibonacci Retracements Analysis 14.12.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, after testing the previous low, BTCUSD started a new descending impulse.
13.12.2018
Fibonacci Retracements Analysis 13.12.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, USDCAD is still testing the previous high.
12.12.2018
Fibonacci Retracements Analysis 12.12.2018 (GBPUSD, EURJPY)
In the H4 chart, EURJPY was trying to test the local support at 127.50 while forming the current descending impulse.
11.12.2018
Fibonacci Retracements Analysis 11.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the mid-term correction continues. EURUSD has reached the resistance at the retracement of 38.2% and rebounded from it.
10.12.2018
Fibonacci Retracements Analysis 10.12.2018 (GOLD, USDCHF)
As we can see in the H4 chart, USDCHF has stopped trading sideways and broken the correctional channel to the downside.
07.12.2018
Fibonacci Retracements Analysis 07.12.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD has broken the previous low; right now, the long-term decline continues.
06.12.2018
Fibonacci Retracements Analysis 06.12.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, USDCAD has reached the high at 1.3386.